Page 19 - NorthAmOil Week 49

NorthAmOil NEWS IN BRIEF NorthAmOil

Calfrac announces 2021 government and commercial customer base
SERVICES able to continue to provide its extensive
Gordon Technologies capital programme across the Pacific Northwest with a reliable
supply of Neste MY Renewable Diesel at a
announces acquisition Calfrac Well Services is announcing its competitive price.
Neste, the world’s largest producer of
2021 capital programme of approximately
of Lodestar International $55.0 million, which consists primarily of renewable diesel and sustainable aviation
fuel, was one of the first companies to
maintenance capital expenditures.
& MaxWell Downhole operating officer, commented: “Our 2021 introduce renewable diesel into Oregon after
Lindsay Link, Calfrac’s president and chief
the state adopted its Clean Fuels Program.
Technology budget represents the allocation of capital to Neste MY Renewable Diesel delivers up to
critical component investments along with
80% less greenhouse gas (GHG) emissions
Gordon Technologies is pleased to announce targeted improvements to our operating fleet over its life cycle when compared with fossil
the acquisition of Lodestar International through dual-fuel conversion kits in North diesel. Additionally, the fuel is shown to
and its wholly owned subsidiary MaxWell America. We continue to observe improved deliver superior performance and reduce
Downhole Technology. Lodestar is an market conditions in all operating areas, maintenance costs.
independent manufacturer and service and will monitor opportunities to improve “This new, long term partnership with
provider of downhole dynamics-while- utilisation and returns on our active fleet Carson is part of our commitment to bring
drilling (DWD) measurement tools, which before considering further additions to our more renewable diesel into Oregon,” says
are critical to the realization of continued footprint.” Carrie Song, vice president for Renewable
drilling efficiencies and optimization. CALFRAC WELL SERVICES, December 07, 2020 Road Transport for Neste in North America.
Lodestar’s flagship products, the I-SUB and “We are proud to play our part in helping
I-STRING, provide a wide range of drilling keep the state’s vitally important large, heavy
measurements throughout the drill string and ENERGY TRANSITION road vehicles – whether they are big rigs,
at the drill bit. Lodestar has a service, repair emergency response vehicles, or construction
and maintenance facility in Kyle, TX and Carson-Neste partnership equipment – moving with less greenhouse gas
an international service and R&D facility in emissions and pollution.”
Aberdeen, UK. makes it easier for cities Jeff Rouse, Carson’s VP of Business
The Lodestar transaction represents Development, agrees: “Through our
Gordon’s second acquisition this year as the and businesses to reduce partnership with Neste we’ve hit upon not just
company previously acquired Noralis in July. a quality fuel that’s good for the environment,
Terry Frith, president and founder of Gordon greenhouse gas emissions but a fuel that is good for our customers’
stated, “Lodestar is a leading downhole, equipment and fleets as well.”
DWD provider with a full suite of DWD As part of its commitment to provide Neste MY Renewable Diesel is made from
measurements, including weight-on-bit sustainable products to its customers, Carson renewable and sustainably sourced waste
(WOB), torque-on-bit (TOB) and bending. has long sought a reliable, permanent source materials such as used cooking oil and grease,
Vibration management is a key focus area for of renewable diesel fuel to help its customers not crude oil. The company collects this
our customers and Lodestar’s technology is affordably comply with regulations designed waste from thousands of hotels, restaurants,
highly complementary to Gordon and Noralis’ to reduce greenhouse gas emissions in stadiums and other venues with industrial
existing technology offering. We are looking Oregon’s transportation sector. kitchens across North America. Renewable
forward to working with the Lodestar team Today, Carson is proud to announce diesel is different from other biofuels, as it
in the continued development of their data that it has achieved this goal by extending can be safely used either in neat form with no
visualisation software and real-time product its renewable diesel agreement with Neste engine modifications.
offering.” – expanding it into a multi-year contract. CARSON AND NESTE, December 08, 2020
GORDON TECHNOLOGIES, December 07, 2020 Through this partnership, Carson will be

Week 49 10•December•2020 www. NEWSBASE .com P19